03-29-2024, 01:52 PM
I don't read articles, read books and so on. I do my own research and have beaten the S&P year in a year out. I never listen to the noise or get opinions from Yahoo, boards ect.
With that said, its easy to see the market is over valued and being pumped day in and day out. Fundamentals mean nothing anymore and that's a scary thing. Go look at historic PE levels and you will see most are doubled, or tripled from historic levels. And not to mentions earnings are being revised downward. At the rate new investors are going to get hurt. I can afford to hold because most stocks I have owned for 5+ years and most 10-20+ years, so need to sell. But I am trimming. and paly with the house money and like some others are going toward for safety and guarantee
Funds like QYLD I do own. I don't even care if it trades in a $1 radius. I'm only in for the yield and Monthly income
And I am not good at timing the market, but the market always gives us buying opportunities. And I am more then happy to sit on 33-35% cash and wait for that to happen. Maybe that's 1, 2 or 5 years out. Whatever, how many years that is, I refuse to chase names in this market.
I buy when things are out of favor. Take oil for instance. I bought a ton of names when oil was below 30$ a barrel and still hold most. Just look where those stocks are now. Hitting all time highs.
In recent months I bought XEL, EL, GOOG, ADM, HSY, O, TSCO and TROW,
Don't own but maybe LEG, NKE will be those next good buys.
Lets also not forget names like PYPL high of $308, SQ $276, TDOC $293. These stocks are still way, way off their highs and will never see those levels again. This is why tech scares the crap out of me. Its all momentum and not based on valuation. Sooner or later this sector will crash yet again. This is why I only invest in names like MSFT, META, AVGO, AMZN and GOOG. Even these names have had too big of run.
But remember.....There's always a bull market somewhere, which is why spreading it out and diversifying is always a great idea.
With that said, its easy to see the market is over valued and being pumped day in and day out. Fundamentals mean nothing anymore and that's a scary thing. Go look at historic PE levels and you will see most are doubled, or tripled from historic levels. And not to mentions earnings are being revised downward. At the rate new investors are going to get hurt. I can afford to hold because most stocks I have owned for 5+ years and most 10-20+ years, so need to sell. But I am trimming. and paly with the house money and like some others are going toward for safety and guarantee
Funds like QYLD I do own. I don't even care if it trades in a $1 radius. I'm only in for the yield and Monthly income
And I am not good at timing the market, but the market always gives us buying opportunities. And I am more then happy to sit on 33-35% cash and wait for that to happen. Maybe that's 1, 2 or 5 years out. Whatever, how many years that is, I refuse to chase names in this market.
I buy when things are out of favor. Take oil for instance. I bought a ton of names when oil was below 30$ a barrel and still hold most. Just look where those stocks are now. Hitting all time highs.
In recent months I bought XEL, EL, GOOG, ADM, HSY, O, TSCO and TROW,
Don't own but maybe LEG, NKE will be those next good buys.
Lets also not forget names like PYPL high of $308, SQ $276, TDOC $293. These stocks are still way, way off their highs and will never see those levels again. This is why tech scares the crap out of me. Its all momentum and not based on valuation. Sooner or later this sector will crash yet again. This is why I only invest in names like MSFT, META, AVGO, AMZN and GOOG. Even these names have had too big of run.
But remember.....There's always a bull market somewhere, which is why spreading it out and diversifying is always a great idea.